Fourteen US states have significantly increased their holdings in MicroStrategy (MSTR), adding $632 million in the first quarter of 2025. This marks a 91.5% increase from the $330 million held in the previous quarter. The move reflects growing institutional interest in Bitcoin, as MicroStrategy is known for its substantial Bitcoin reserves. Consequently, MSTR stock has risen 37% year-to-date, reaching $430. States such as California, Florida, and North Carolina are among those increasing their investments, indicating a broader trend of institutional adoption of Bitcoin.